The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shashank Pravinchandra Doshi & Others

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹194.70

prior close

₹194.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+4.2% vs market

Other Industrial Products peers, median of 25sector-1.9%+4.6% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.6 pts more than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+2.7-1.5+4.2-1.9+4.6

Next day

-3.9-2.2-1.7-2.7-1.2

-5.5-1.2-4.3-1.6-3.9

-1.9-0.9-1.0-1.0-0.9

-5.8-2.3-3.4-2.3-3.4

-4.8-2.5-2.3-3.2-1.5

-2.9-3.6+0.7-4.1+1.1

15d

-14.9-10.4-4.5-11.4-3.6

-13.7-11.3-2.4-14.3+0.6

+2.7-3.6+6.3-5.8+8.5

+44.3+3.9+40.4-4.0+48.3

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shashank Pravinchandra Doshi along with Persons Acting in Concert — Hetal Shashank Doshi, Tej Shashank Doshi, Kavya Shashank Doshi and Shashank P Doshi (HUF) — acquired 2,12,400 equity shares (6.85% of voting capital) of Narmadesh Brass Industries Ltd through the open market on February 12, 2026. Before the acquisition, the group held Nil shares; after the deal, their total holding stands at 2,12,400 shares (6.85%). The filing explicitly states the acquirers do not belong to the Promoter/Promoter group. The company's total equity capital remains unchanged at 31,00,800 shares of Rs. 10 each.

Likely market impact

A new non-promoter shareholder group has built a meaningful 6.85% stake, crossing the 5% SAST disclosure threshold and approaching the 10% open-market trigger level — investors should watch for further buying or any alliance announcements involving this group.